inelasticity.

1. A lack or relatively low degree of responsiveness of one quantity to a change in another, especially price or income.

2. A lack or limited degree of elastic stretching or deformation under an applied force.

Use it for

Words that belong together

• price inelasticity
• inelasticity of demand

On the page

Price inelasticity meant that demand changed proportionally less than the observed price change.

The analysis measured inelasticity of demand over a specified range rather than assuming it at every price.

Usage notes

Primary category: economics / business / social science. Forms: Usually uncountable. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: economic explanation, resource analysis, incentive analysis, comparison. Disciplines: economics, business, social science. Commonness: uncommon.